EXPORT-IMPORT BANK - IAIN MURRAY

Spectator.org: The Export-Import Bank Should Be an Ex-Bank

Among the nation's failing financial institutions the Export-Import Bank has received little notice. Now, however, the House and Senate are considering whether to reauthorize the bank. They should not. It was a bad idea to begin with, and the market is currently developing better ways to meet its stated goals without putting taxpayer money at risk. It is time to do away with this outdated mercantilist institution. > View the full commentary on Spectator.org

On Monday, the Office of Information and Regulatory Affairs within the White House Office of Management and Budget released guidance to agencies on “Cumulative Effects of Regulations” with an emphasis on enhancing net benefits. CEI regulatory policy expert Wayne Crews welcomed the move but called it inadequate:

However, the emphasis on potentially self-serving agency-assessed net benefits underscores yet again the reality that improving regulatory outcomes fundamentally requires Congress to answer for rule impacts—such as via expedited votes on “economically significant” ($100-million-plus) regulations (The REINS Act is an example).> Read the analysis on CEI.org

But the question remains: once a bill has investor protections accepted by Maxine Waters, Barney Frank, and the Obama administration, what exactly do you need further protection from? The answer is that these Senators wish to protect the Wall-Street centric system of securities regulation enacted eight decades ago, when many households didn't have telephones, from any meaningful modernization for the age of the Internet. While Republicans are accused of being stuck in the '50s on cultural issues, it is fair to say that these Democrats are mired in the 1930s when it comes to entrepreneurs' accessing of capital. > Read the full commentary on Spectator.org

HAH is an annual event to recognize and celebrate human achievement and innovation. During the hour, participants are asked to listen to music, surf the internet, have a glass of beer, and generally enjoy the fruits of the human mind which would not have been possible in a world where conservation restrains advancement.

HAH can be celebrated anywhere from 8:30pm to 9:30pm. In addition, CEI will be hosting a celebration at our headquarters in Washington, DC and live streaming our event online.